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âWe compete with (and lose to) Fortnite more than HBO.â
Thatâs a quote from Netflixâs 2019 earnings report and, in retrospect, feels like a mission statement for the companyâs next big leap â gaming.
Since September 2021, Netflix has acquired four gaming studios and established two of its own. Last Wednesday, one of those studios, Night School, released its latest game, Oxenfree II, as a Netflix original.
Notably, the game isnât just available on Netflixâs mobile app, but also on Playstation 4/5, PC, Mac, and Nintendo Switch.
Unlike most mobile games today, which are âfree-to-playâ and monetize through in-game purchases and ads, Netflix offers the opposite: up-front payment and no ads. And thatâs got developers pretty excited.
đź Big picture: Netflixâs gaming division currently has 450 employees, making it a baby-sized David compared to Goliaths of the industry. Gaming giant Activision Blizzard, for example â which was recently cleared to sell to Microsoft for $69 billion after the FTC failed to stop the deal â boasts 17,000 employees.
đđș Disney CEO Bob Iger believes the studio has been making too much Marvel, Star Wars, and Pixar content.
đâ Hollywood's actors union, SAG-AFTRA, has gone on strike. Its ~160k members join ~11k Hollywood writers who have been on strike since May 2.
đđŁOver 20,000 people have bought tickets to see Barbie and Oppenheimer on their shared July 21st opening weekend, all thanks to the memes.
Let's make our relationship official, no đ or elaborate proposal required. Learn and stay entertained, for free.đ
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